How Auto Insurance Rates Are Determined in Ontario?

The factors influencing auto insurance rates in Ontario are diverse and significant.

Rates are determined based on risk assessments that include your driving history, vehicle type, location, and usage. Insurers also consider statistical data on theft, accidents, and claims in your area, as well as overall industry loss ratios.

Discover all the factors affecting your rates in our detailed Rate Determination Guide.

Unsure about your rate calculation? Let our experts provide a transparent breakdown and help you find savings.

Being informed about how your rates are determined can empower you to take control of your insurance costs.